/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN
THE UNITED STATES./
Trading Symbol: TSXV EPO.V
VANCOUVER, Nov. 30 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to announce the closing of a non-brokered private placement on November 30, 2009 of 4,761,910 units (the "Units") at a price of $0.21 per unit to raise gross proceeds of $1,000,000 CAD for working capital purposes.
Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.35 per common share on or before November 30, 2011.
The securities issued pursuant to the private placement are subject to a hold period expiring on March 31, 2010.
Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada - the largest producing region for potash in the world.
To find out more about Encanto Potash Corp., please visit the company website at www.encantopotash.com or review the documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Encanto Potash Corp.
For further information: For further information: James Walchuck, President and CEO, Tel: (604) 683-2402; Keith Schaefer, Vanguard Shareholder Solutions, Tel: (604) 608-0824, Toll Free: 1-866-918-0824